$0.10 Earnings Per Share Expected for Matador Resources Company (MTDR) This Quarter
Equities analysts forecast that Matador Resources Company (NYSE:MTDR) will report $0.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Matador Resources’ earnings, with estimates ranging from $0.03 to $0.16. Matador Resources posted earnings per share of $0.06 during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The firm is expected to issue its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Matador Resources will report full year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.71. For the next fiscal year, analysts anticipate that the business will post earnings of $0.65 per share, with EPS estimates ranging from $0.10 to $1.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Matador Resources.
Matador Resources (NYSE:MTDR) last announced its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.11. Matador Resources had a return on equity of 5.45% and a net margin of 43.04%. The business had revenue of $115.90 million during the quarter, compared to the consensus estimate of $112.21 million. During the same period in the previous year, the company posted ($0.01) earnings per share. The business’s revenue for the quarter was up 65.1% on a year-over-year basis.
A number of research firms have recently issued reports on MTDR. Scotiabank reiterated a “buy” rating and issued a $26.00 target price on shares of Matador Resources in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $34.00 target price on shares of Matador Resources in a research note on Friday, June 16th. Northland Securities set a $33.00 target price on Matador Resources and gave the company a “buy” rating in a research note on Monday, July 17th. Credit Suisse Group began coverage on Matador Resources in a research note on Thursday, June 1st. They issued an “outperform” rating and a $34.00 target price for the company. Finally, Zacks Investment Research lowered Matador Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $28.63.
In other news, Director David M. Posner bought 4,115 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $24.10 per share, for a total transaction of $99,171.50. Following the transaction, the director now owns 6,274 shares in the company, valued at $151,203.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 11.90% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. FNY Partners Fund LP grew its position in shares of Matador Resources by 66.7% in the 1st quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after acquiring an additional 2,000 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Matador Resources by 10.8% in the 1st quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after acquiring an additional 682 shares in the last quarter. Dubuque Bank & Trust Co. grew its position in shares of Matador Resources by 4.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after acquiring an additional 275 shares in the last quarter. LS Investment Advisors LLC acquired a new position in shares of Matador Resources in the 2nd quarter worth approximately $155,000. Finally, Ameritas Investment Partners Inc. acquired a new position in shares of Matador Resources in the 1st quarter worth approximately $178,000. Institutional investors own 91.64% of the company’s stock.
Matador Resources (NYSE:MTDR) opened at 25.41 on Thursday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 13.13 and a beta of 1.23. The stock’s 50 day moving average price is $23.63 and its 200-day moving average price is $23.00. Matador Resources has a 12 month low of $19.99 and a 12 month high of $28.51.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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